Recent Updates — SIND

Sinda Ltd. announced that Chief Financial Officer Luis Barreto ceased serving in his role effective October 13, 2026, with the departure unrelated to any disagreements regarding financial statements or operations. The company appointed Scott Cole, currently Vice President of Finance, as Interim Chief Financial Officer and principal financial officer, while he continues to serve as principal accounting officer. Additionally, Sinda Ltd. increased its Board size to nine members and appointed Alberto C. Zinser, a partner at a Mexico City-based law firm specializing in white collar defense and litigation, as a new director. Sinda Ltd. operates in the mining sector, focusing on exploration activities.

Sinda Ltd., a silver exploration and development company in Mexico, reported financial results for the quarter ended June 30, 2026, posting a net loss of $16.6 million compared to $2.2 million in the prior year period due to increased exploration spending and IPO-related administrative costs. The company completed its initial public offering on the NYSE in late June, raising approximately $213 million gross, followed by an overallotment exercise in July that added $23 million gross. Concurrently, Fresnillo plc acquired a 5.0% stake via a placement of nearly 8 million shares for $95.3 million gross, bringing total IPO-related proceeds to roughly $331 million. Post-IPO liquidity stands at approximately $320.7 million with zero debt. Operationally, Sinda completed its Phase 1 surface drilling program totaling 60,810 meters and initiated preparations for a 9-kilometer underground exploration decline construction in the second half of 2026.